You’ve found the house you’ve decided you’re committed to buying. To show the seller that you are serious about your offer, you decide to put down an earnest money deposit. How do you know how much you should put down and what determines the rate? There is no “right” answer, as it depends on a […]
In today’s housing market, you are likely to find yourself competing with other buyers for the same home. However, there is more to a winning home offer than just money. In order to get the home you want, you need to make your offer stand out from all of the rest.
Simply put, a re-performing loan is a loan that was previously considered non-performing and you began making payments on it again. Re-performing loans are also called “scratch and dent” loans because it has a performing issue or is defective. Even if you have not repaid the missed payments your loan will still become re-performing—just remember […]
Buying a home is not always a smooth process. From inspections to getting title insurance and agreeing on a closing date, unforeseen circumstances can occur. If you find that you need more time to get the money for a Kansas City mortgage, you may wonder if you can extend the closing date and how it […]
Putting in an offer on a home you want to purchase has become very competitive and buyers have become more ambitious. Due to limited inventory in the housing market, buyers may need more than just money to get the home they want. Homebuyers attempting to stand out from a crowd of offers in today’s market […]
The inability to put down a down payment on a home is a common concern among home buyers in the process of buying a home. You may not have the money and are turning to family for gift funds or have the money in a savings account, but don’t want to spend it all. Whatever […]
When you buy a home, you know that you need a good credit score, will be more likely to seal the deal if you buy in cash, among other things. While having a good financial situation is definitely a perk, it’s not everything you need to appeal to a homeowner selling their home.
As a homeowner, you’ve probably heard of title insurance. But what is it and do you really need it? In short, yes. It is highly recommended that you get title insurance, since it will protect you from outside ownership claims. Here’s what you need to know: Title Insurance is Often Required Title insurance is “insurance […]
For the majority of homebuyers, coming up with a 10% down payment for a home is nearly impossible, but lately there has been an increase in home sales that are all-cash deals. With that being said, there are pros and cons you need to know before paying for a home in cash and which option […]
As a home buyer, you are probably already are aware of what determines your mortgage interest rates. Mortgage interest rates are determined mostly on the secondary market, where mortgages are bought and sold. But besides that, mortgage interest rates are also set by market forces, including government monetary policy, which are beyond your mortgage lender’s […]